Joan Tapia (Barcelona) | Spain has lost out in the Eurogroup, but only by 10 to 9 and with the vote in favour of the powerful Franco-German axis. It is an honourable defeat that indicates our limitations. Some claim that the result is due to the fact Spain has a government with communist participation, something anomalous in Europe. I think that it is a warning from the medium-sized countries to the Franco-German axis to take them more into account. Spain is not gaining influence in Europe, but it will have little impact on economic policy.
Ireland’s Paschal Donohoe has been elected as the new Eurogroup President, replacing Portugal’s Mario Centeno. He beat out Spanish minister Nadia Calviño, who had the favourable support of the countries accounting for 80% of the Eurozone’s GDP, including Germany, France and Italy.